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Three or four decades of a concerted ideological misinformation campaign sure count for something.

The Reagan/Bush/Clinton/Bush economy has been good for one class of people and one class of people only - the very wealthy. Without credit-fueled bubbled, no one else profited. And, when the bubble burst, only those whose interests are really being looked out for, by the GOP AND by Democrats, in Washington, are the plutocrats.

Trickle down is bipartisan, as this new 'bailout' bill will show...

The Hun is always either at your throat or at your feet. Winston Churchill

by r------ on Sun Sep 28th, 2008 at 06:32:51 AM EST
Adding, that one thing economists do not usually get is that the greater good is not, all other things being equal, necessarily the goal of policy, although it, generally speaking, undergirds the economist's naive weltenshauung.

Plato didn't call economics the Master Science, he called politics the master science, and he had good reason to do so. Economists, on the other hand, have spent the last half century undermining folks in the exertion of their political interests, and now are surprised to see they have been used by the Wealthy, the Powerful, the Absolutists, as in previous periods other useful idiots have been used.

I understand they want to be heard, and that Krugman still has a following among the "left" in the US and elsewhere. But the trade they practise has undermined our classes at most every turn, and so, I'm not going to necessarily rue the fact, in and of itself, that they've been cut out of the discourse.

Long term, that's probably a good thing.

The Hun is always either at your throat or at your feet. Winston Churchill

by r------ on Sun Sep 28th, 2008 at 06:44:50 AM EST
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